Tag: tax

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‘Cascade your wealth!’ How your pension could help you slash inheritance tax to zero

‘Cascade your wealth!’ How your pension could help you slash inheritance tax to zero

However, the Government-backed website MoneyHelper states there is one key rule to bear in mind.In order for the pension to fall outside of the sco [...]
£2.4bn inheritance tax rip-off – experts call for IHT reform

£2.4bn inheritance tax rip-off – experts call for IHT reform

The calls came as official statistics revealed the Treasury raked in another £2.4billion in inheritance tax (IHT) receipts in the three months to J [...]
‘Leaves a sour taste!’ Bumper take for inheritance and income tax as inflation skyrockets

‘Leaves a sour taste!’ Bumper take for inheritance and income tax as inflation skyrockets

New data published today by HMRC has shown inheritance tax  (IHT) receipts for April to July 2022 were £2.4billion - £0.3billion higher than the sa [...]
Savings warning as you may be ‘penalised’ by an ‘additional tax burden’ – how to avoid it

Savings warning as you may be ‘penalised’ by an ‘additional tax burden’ – how to avoid it

Mr Davies continued: “PSAs, like all systems, have drawbacks, one of which is that the rate has not changed in six years. “As the country faces eco [...]
Recession warning: Next PM to be ‘forced into screeching U-turn’ on tax cuts – exBoE chief

Recession warning: Next PM to be ‘forced into screeching U-turn’ on tax cuts – exBoE chief

While Liz Truss and Rishi Sunak battle for the Conservative party leadership, millions of households across the country are faced with a looming re [...]
Inheritance tax: The 'notable' way you can slash IHT bill 'immediately'

Inheritance tax: The 'notable' way you can slash IHT bill 'immediately'

The 40 percent tax applies to any assets above the £325,000 threshold for individuals and can mean a large amount to pay for one’s loved ones. This [...]
Inheritance tax: How you could slash IHT liability – ‘a number of tax advantages'

Inheritance tax: How you could slash IHT liability – ‘a number of tax advantages'

Considered one of the UK’s most hated taxes, more and more people are being dragged into paying it as the threshold has been frozen at £325,000 sin [...]
Council tax: Britons not eligible for rebate can still get up to £150 – how to claim

Council tax: Britons not eligible for rebate can still get up to £150 – how to claim

This extra help is available for Britons living in council tax bands A to D. The Government has said that this help is available to 80 percent of h [...]
The 10 groups of Britons who are due a council tax rebate – eligibility checker

The 10 groups of Britons who are due a council tax rebate – eligibility checker

Many people council tax bills increased in April, yet figures show that nearly one million people are actually due a refund.Britons who have moved [...]
Inheritance tax: Ways you can give money to your children and grandchildren tax free

Inheritance tax: Ways you can give money to your children and grandchildren tax free

"Using a discretionary trust gives grandparents the greatest flexibility and control, but the taxation is higher and more complex. You should seek [...]
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